Form 4: ServiceNow Director Larry Quinlan Sells Shares Under 10b5-1 Trading Plan

Director Larry Quinlan of ServiceNow, Inc. executed multiple sales of common stock on February 11, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Larry Quinlan, a director at ServiceNow, Inc., sold shares of common stock on February 11, 2025.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 1, 2024.
• A total of 437 shares were sold in multiple transactions at prices ranging from $1,004.93 to $1,018 per share.
• Following these transactions, Quinlan directly owns 1,322 shares of ServiceNow common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Insider sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-scheduled. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are less informative.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares sold.

Key Dates